Midea stock: Q3 profit rises as revenue falls 4.1%
Published on 10/30/2026 at 15:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSProfit growth meets weaker sales
- Midea's third-quarter profit increased despite lower revenue.
- Foreign-exchange effects and nonrecurring derivative gains affected adjusted earnings.
- Building technology and robotics provided growth outside the core appliance business.
Midea reported stronger headline earnings for the third quarter ended September 30, 2026, even as sales declined. City News Service said on Friday, October 30, that profit attributable to shareholders reached RMB 15 billion in the quarter, up 26 percent year over year, while revenue fell 4.1 percent to RMB 107 billion.
The earnings mix was less favorable beneath the headline. Profit excluding one-time items declined 16 percent to RMB 9.2 billion. Midea attributed the gap mainly to foreign-exchange losses from translating overseas earnings into yuan, while related derivative gains were treated as nonrecurring and excluded from adjusted profit.
Industrial businesses soften appliance pressure
Midea's first nine months showed a more balanced picture. Net profit rose 9.3 percent to RMB 41 billion, while revenue increased 1.2 percent to RMB 367 billion. Building technology and robotics and automation each grew revenue by 10 percent over the period, whereas industrial technology revenue declined 13 percent.
The operating backdrop also improved in one important respect. Morningstar reported that third-quarter operating margin improved to 12.7 percent from 12.4 percent a year earlier, supported by lower marketing and research costs. The result points to resilience in newer businesses, but weaker domestic appliance demand remains a pressure point.
What changed for the stock
Midea stock traded at 11.03 euros on Lang & Schwarz at 3:12 p.m. CET on Friday, October 30, 2026. That is 3.57 percent above the 10.65-euro quote in the October 27 report, a separate comparison from any Xetra closing-price movement.
Investors can use the real-time quote of Midea stock for the latest trading indication. The earnings release shifts attention toward whether industrial growth and cost control can offset weaker appliance demand in the coming quarters.
China market context can be followed through the Shanghai Composite market overview.
More news and analyses are available on Midea stock.
Midea Group at a glance
- Company: Midea Group Co., Ltd.
- ISIN: CNE100006M58
- Latest quote: 11.03 euros on Lang & Schwarz, October 30, 2026, 3:12 p.m. CET
- Quarter: Third quarter ended September 30, 2026
